PROJECT NORWAY AS

1914 YTRE ENEBAKK

Finances

Share Ownership

Return on Equity

233,94 %

Current Ratio

0,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 540 000	7 569 000	4 395 000	5 843 000
Net Income	255 000	377 000	43 000	532 000
Total Assets	1 622 000	1 270 000	1 204 000	1 434 000
Total Equity	109 000	354 000	277 000	234 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 540 000	7 569 000	4 395 000	5 843 000
Expenditure	7 225 000	7 064 000	4 353 000	5 148 000
Operating Profit	315 000	505 000	66 000	691 000
Financial Income	0	0	0	0
Financial Costs	5 000	23 000	4 000	6 000
Financial Balance	−5 000	−23 000	−4 000	−6 000
Earnings Before Tax	310 000	482 000	62 000	686 000
Tax	55 000	105 000	19 000	154 000
Net Income	255 000	377 000	43 000	532 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	159 000	214 000	156 000	101 000
Total Current Assets	1 463 000	1 056 000	1 048 000	1 333 000
Total Assets	1 622 000	1 270 000	1 204 000	1 434 000
Total Retained Equity	9 000	254 000	177 000	134 000
Total Equity	109 000	354 000	277 000	234 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 513 000	916 000	926 000	1 200 000
Total Equity and Debt	1 622 000	1 270 000	1 204 000	1 434 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 540 000	7 569 000	4 395 000	5 843 000
Other Income	0	0	0	0
Revenue	7 540 000	7 569 000	4 395 000	5 843 000
Cost of Goods Sold	4 200 000	4 409 000	1 714 000	2 022 000
Salary Costs	1 996 000	1 731 000	1 626 000	2 146 000
Depreciation	53 000	72 000	59 000	45 000
Impairment	0	0	0	0
Expenditure	7 225 000	7 064 000	4 353 000	5 148 000
Operating Profit	315 000	505 000	66 000	691 000
Financial Income	0	0	0	0
Financial Costs	5 000	23 000	4 000	6 000
Financial Balance	−5 000	−23 000	−4 000	−6 000
Dividends	500 000	300 000	0	400 000
Net Income	255 000	377 000	43 000	532 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	159 000	212 000	156 000	101 000
Total Tangible Assets	159 000	212 000	156 000	101 000
Total Fiancial Fixed Assets	0	2 000	0	0
Total Fixed Assets	159 000	214 000	156 000	101 000
Stock	72 000	58 000	68 000	44 000
Total Investments	0	0	0	0
Cash, Bank	270 000	435 000	339 000	169 000
Total Current Assets	1 463 000	1 056 000	1 048 000	1 333 000
Total Assets	1 622 000	1 270 000	1 204 000	1 434 000
Total Equity	109 000	354 000	277 000	234 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	151 000	47 000	81 000	169 000
Unpaid Taxes	425 000	283 000	311 000	280 000
Dividends	500 000	300 000	0	400 000
Other Current Debt	382 000	181 000	516 000	198 000
Total Current Debt	1 513 000	916 000	926 000	1 200 000
Total Equity and Debt	1 622 000	1 270 000	1 204 000	1 434 000

Financial indicators	2022	2021	2020	2019
Return on Equity	233,94 %	106,5 %	15,52 %	227,35 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,18 %	6,67 %	1,5 %	11,83 %
Current Ratio	0,97	1,15	1,13	1,11
Quick Ratio	1,02	1,23	1,22	1,15
Equity Ratio	0,07	0,28	0,23	0,16
Gross Profit Margin	44,3 %	41,75 %	61 %	65,39 %